COP28: "Investors Show Keen Interest in Lagos State's Waste Conversion Initiatives" - Sanwo-Olu    - The Top Society

COP28: “Investors Show Keen Interest in Lagos State’s Waste Conversion Initiatives” – Sanwo-Olu   


During the current 28th session of the Conference of Parties (COP28) in Dubai, Governor Babajide Sanwo-Olu of Lagos State has officially affirmed the keen interest of investors in the state’s waste conversion initiatives.

Governor Sanwo-Olu, in an official statement on X, expressed his excitement about the positive response received from global investors during the conference.

“Two waste conversion initiatives that we presented at the global climate summit have garnered significant interest from investors,” Sanwo-Olu said. 

“These projects are the Advanced Garbage Collection and Waste-to-Energy project, as well as the construction of a new Sewage Treatment Plant.” 

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He revealed that Lagos State’s participation in COP28 provided a platform to showcase the state’s commitment to environmental sustainability.

The governor took the opportunity to present Phase Two of the Lagos Climate Adaptation and Resilience Plan (LCARP) to the international community.

He stated that this advancement marks a substantial stride in the path towards attaining environmental sustainability and resilience in Lagos State. The governor emphasized that it showcases his administration’s dedication to enhancing the lives of Lagosians and upholding the state’s position as a symbol of progress.

“We believe that sustainable solutions to our local environmental challenges can be achieved by working together,” he said. 

“I emphasized that the LCARP document serves as our strategic roadmap towards a sustainable future. 

“This framework identifies 30 ambitious projects spanning critical sectors such as transportation, renewable energy, and waste management.” 

Highlighting the collaborative aspect of the initiative, Sanwo-Olu disclosed that among the 30 projects presented, 14 are well-suited for Public-Private Partnerships (PPP). He stressed the importance of collaboration, stating that his administration is actively engaging with potential partners to ensure their involvement in realizing the state’s ambitious plans.

Governor Sanwo-Olu emphasized the urgency of addressing climate change collectively and reiterated Lagos State’s commitment to taking the lead in climate mitigation efforts. He assured that his administration has developed a clear strategy to achieve its climate objectives, reinforcing the state’s determination to contribute significantly to the global fight against climate change.

“The success of Lagos on this journey will not only be a success for Nigeria but also an inspiring story of achievement for Africa and the world,” he added.

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